On May 16, 2024, local time in Italy, Ferretti Group Chairman Tan Xuguang hosted an on-site meeting of the Italian Ferretti company's board of directors at Milan headquarters, fully affirmed the continuous growth of the company's performance in the first quarter, and claimed to comprehensively build up a sustainable and high-quality operational competitive advantage.
Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone, L3Harris Technologies and China's Weichai Power. Norges said it decided to exclude Adani Ports due to "unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict." The company, which is part of billionaire Gautam Adani's conglomerate, was on the central banks' watchlist for possible exclusion from investment since March 2022.
On April 25, the 2024 Singapore Yachting Festival kicked off in the picturesque setting of Sentosa Island. Under the umbrella of Weichai Group's Ferretti Group, four yachts including the wallywhy200, wallypower58, Ferretti Yachts 780, and Rivamare made their grand debut at the Lion City's extravaganza. Among them, the Wally twin marked its inaugural unveiling in the Asia-Pacific region and heralded a paradigm shift within the yacht industry.